GIEAG Immobilien AG: GIEAG acquires trend-setting office building development in Oberhaching near Munich

München (pta069/05.05.2022/09:37 UTC+2)

• Partial construction in timber hybrid construction method
• Extensive renunciation of fossil energy sources
• Use of photovoltaics and geothermal energy

Munich, 05.05.2022 - The nationwide project developer GIEAG Immobilien AG (GIEAG) has acquired a commercial property at Kolpingring 16 in Oberhaching near Munich. The existing building is to be demolished. The "KR 16" will be a green building that meets all sustainability requirements. Completion is scheduled for 2025, the project was planned by Brückner Architekten.

The seller is the BAYCON group of companies based in Oberhaching, which previously acquired the property from a family estate together with a project partner in 2019 and developed the project until it was ready for development. The new "KR 16" is designed to conserve natural resources to the maximum. "We are realising a future-oriented office building with a significantly reduced CO2 footprint and a sustainable energy concept that relies on self-sufficiency," explains Philipp Pferschy, GIEAG board member. Fossil fuels will be avoided as far as possible in the use of electricity, cooling and heat. Photovoltaics will be used to generate and use electricity. Heating and cooling will be provided by geothermal energy. The CO2 footprint is to be reduced, especially for the construction and operation of the building. In addition, the building is to be partly constructed using the wood hybrid construction method. DGNB certification is planned.

The "KR 16" has a total of 15,000 square metres of gross floor area (GFA). There are 159 parking spaces in an underground car park and a further 17 outside. Oberhaching is located in the south of Munich and has its own motorway exit on the A 995. Munich city centre, the airport and excursion destinations such as Lake Starnberg and Ammersee are within easy reach.

GIEAG was advised by the law firm GSK Stockmann, BAYCON by SKUSA Partners Rechtsanwälte.

About GIEAG Immobilien AG:
GIEAG is a family-run Munich-based real estate stock corporation. The shares of GIEAG Immobilien AG are traded on the Munich Stock Exchange as well as the Frankfurt Stock Exchange and Xetra. By combining the three asset classes - office, residential, logistics - and the two service areas of development and portfolio management, the company offers stability that is unique in the market. The GIEAG team of experts is a guarantor for innovative and forward-looking concepts.

Over the past 22 years, GIEAG Immobilien AG has developed and optimised a large number of real estate projects with areas of up to 145,000 square metres and an individual investment sum of 15 to 150 million euros. Partnership, transaction security, perseverance and speed are the basis of sustainable value development for GIEAG.

About the BAYCON Group of Companies:

BAYCON can look back on a long list of successfully implemented projects throughout Germany. Around 3,000 units placed in residential privatisation and more than 200,000 m² of marketed residential/usable space have been realised in recent years by the group of companies, which is now also active internationally.

As an investor, co-investor or developer, BAYCON focuses on the development of land as well as residential and commercial properties. Detailed knowledge of regional markets and locations as well as lean organisational structures are the basis for the greatest possible flexibility. Long-standing cooperation in the areas of construction, tax and contract law ensure the success of the selected projects in the long term.

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Emitter:	GIEAG Immobilien AG Oettingenstraße 35 80538 München Germany
Contact Person:	Philipp Pferschy
Phone:	+49 89 290516-0
E-Mail:	ir@gieag.de
Website:	www.gieag.de
ISIN(s):	DE0005492276 (Share)
Stock Exchange(s):	Free Market in Munich